Bryan, Garnier & Co advises the founding shareholders of MGI Digital Technology regarding the sale of their stake to the Japanese Group Konica Minolta Inc, which values MGI Digital Technology Group at more than € 200m.

News published on
April Tuesday 12, 2016

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Paris, April 12th 2016 – Konica
Minolta strengthens its alliance with MGI DIGITAL TECHNOLOGY, which designs and
manufactures a comprehensive and innovative range of digital multi-substrates,
color presses (paper and plastic) and a line of high end-finishing products
dedicated to Paper & Plastic, by increasing its equity investment to
40.76%.

MGI Digital Technology announces the strengthening
of its alliance with Konica Minolta Inc. (Konica Minolta) to accelerate its
development worldwide. As of April 1, 2016, a major agreement has been reached
regarding the distribution of MGI Digital Technology's entire equipment portfolio
through Konica Minolta's network. In addition, this broadened agreement is
cemented by an increase in the ownership position of Konica Minolta in the
capital of MGI Digital Technology.

Starting during the second half of 2016, the
entire range of MGI Digital Technology’s product line will be gradually
distributed through the global sales network of Konica Minolta. This agreement
will strengthen the existing distribution network of MGI Digital Technology.

This agreement will provide a major boost to the
growth and profitability of MGI Digital Technology by allowing to gain greater
market share in the most dynamic sectors of the global digital printing and
packaging markets. MGI Digital Technology anticipates a strong acceleration in
growth which should enable it to exceed € 100 million in revenues by 2020.

Increased
equity investment of Konica Minolta which values the MGI Digital Technology
Group at more than € 200 million

In order to cement further this ambitious joint
project, Konica Minolta has strengthened its ownership stake in MGI Digital
Technology with the purchase of 1,662,651 shares, representing the 30.21% stake
held by the family shareholders.

Konica Minolta first took a 10% minority ownership
position in MGI Digital Technology in January 2014 by subscribing to a capital
increase. Following this new transaction, Konica Minolta will now hold a 40.76%
stake in MGI Digital Technology.

The transaction, effective April 1, values the
company at € 209 million or € 38 per share, a premium of 31.31% over the
closing price of March 31, 2016.

Following the transaction, the shareholding of MGI
Digital Technology (1) shall be the following:

-
Konica Minolta 36.21%

-
Management 9.15%

-
Public 54.64%

Edmond
Abergel, President of MGI Digital Technology said: "I am particularly pleased to enter this new stage in our alliance
with Konica Minolta. During our first two years of partnership, Konica Minolta
has had the opportunity to gauge the innovation capacity and the commercial
drive of MGI Digital Technology. On our side, we realized the depth and breadth
of the Konica Minolta distribution network worldwide. A few months prior to
DRUPA, the world major trade exhibition in the graphic arts industry, this
agreement will, I believe, enable us to accelerate our development by boosting
our visibility and commercial presence internationally."

“We have been honored to work alongside the
Abergel Family to crystallize the value of their stake in MGI Digital
Technology. This transaction illustrates Bryan Garnier’s ability to assist
companies operating in highly innovative industries such as digital
multi-substrates and intelligent 3D printing” said Philippe Patricot, Managing Director at Bryan, Garnier & Co.

Olivier
Beaudouin, Head of the European Technology Franchise at Bryan, Garnier & Co,
adds: “This is one more
milestone transaction for our industrial technology franchise and further
demonstrates our international reach to the most relevant strategic buyers””

MGI Digital Technology is a
French company founded in 1982. It designs, manufactures and markets in France
and abroad a comprehensive and innovative range of digital multi-substrates,
color presses (paper and plastic) and a line of high end-finishing products
dedicated to Paper & Plastic.

MGI Digital Technology generates
more than 70% of its revenues internationally and has maintained an annual
double-digit growth over recent years. MGI Digital Technology is a major player
through a portfolio of thousands of clients in very diverse sectors: Graphic
industry professionals, Key accounts, large government entities , industrial
plastic cards, Label & packaging, Photo labs, etc ... Since 2013, the Group
has entered the promising market of Functional-Printed Electronics and
Intelligent 3D printing with the acquisition of CERADROP. MGI Digital
Technology is a public company listed on Alternext since 2006. Based on a
historically recognized technological innovation and expertise, MGI Digital
Technology has the BPI label of "Excellence".

Bryan, Garnier & Co is an
independent investment bank specialized in European TMT, Healthcare and
Renewable Energies growth companies. Bryan, Garnier & Co is positioned in
three activities: Equity Research & Brokerage, Asset Management and
Corporate Finance. Bryan, Garnier & Co has become a leader in advising
European growth companies on strategic finance transactions such as mergers
& acquisitions, equity capital market, LBOs, IPOs and private placement.
With more than 150 professionals based in London, Paris, Munich, Geneva, New
York and New Delhi, Bryan, Garnier & Co combines the range of services and
the expertise of top-tier investment banks with the level of attention to clients
of a boutique.